Steel Workers Hit By Another Lockout As CEO Pockets Millions

[Twist_U_Up]

And wal mart just got 61 million NY tax dollars to help pay for their insurance plans. America is SOLD

http://www.beggarscanbechoosers.com/2006/03/steel-workers-hit-by-another-lockout.html

AK Steel (which reported 2005 revenues of more than $5.7 billion) has once again locked out 2,700 union workers at its Middletown Works plant in Ohio, after their contract expired.


The company has been trying to reduce the workforce at the plant. It also aims to freeze the workers' existing pension plan and force workers to pick up a greater share of health-care costs, among other demands, according to ABC News.

However, there's one person who doesn't appear to have shared in the pain: AK Steel's CEO James L. Wainscott

According to Salary.com, Wainscott pocketed compensation of $2,292,172 for the fiscal year that ended in 2004. Other top executives don't seem to be doing too shabby either.

More...........

[ThomCat]

1. Of course not.

Greedy executives aught to get publicly beaten. Bastards.

There is nothing any executive does that makes him (or her) worth that kind of money. Nothing.

[President Jesus]

2. oh, and looky what I found...his campaign contributions

...and take a wild guess: http://www.newsmeat.com/fec/bystate_detail.php?st=OH&last=Wainscott&first=James

[ChicagoRonin]

3. Signs of the coming revolution

Yeah, Marie Antoinette has a similar attitude towards peasants as Wainscott has to his company employees.

The Republicans love lobbing the old "class warfare" phrase out as an accusation against Democrats, progressives and leftists. Just wait until "class warfare" actually translates into guns and bodies. It can happen. Just look at revolutionary France and Russia.